Vistra Energy (NYSE:VST) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Vistra Energy (NYSE:VST) from a hold rating to a buy rating in a research report report published on Saturday, Zacks.com reports. They currently have $25.00 target price on the stock.

According to Zacks, “Vistra Energy Corp. is an energy company. It offers electricity and power generation, distribution and transmission solutions. Vistra Energy Corp. is based in Dallas, United States. “

Several other analysts have also recently commented on the stock. Bank of America lowered their target price on shares of 3D Systems from $10.00 to $9.00 and set an underperform rating for the company in a research note on Wednesday, May 8th. ValuEngine raised shares of Vistra Energy from a hold rating to a buy rating in a research note on Wednesday, July 3rd. Macquarie set a $89.00 target price on shares of Nike and gave the stock a buy rating in a research note on Friday, June 28th. Credit Suisse Group set a €50.00 ($58.14) target price on shares of Fresenius SE & Co KGaA and gave the stock a neutral rating in a research note on Monday, May 6th. Finally, Morgan Stanley lifted their target price on shares of Intuit from $225.00 to $245.00 and gave the stock an equal weight rating in a research note on Monday, March 25th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $32.25.



VST stock opened at $22.55 on Friday. The stock has a market cap of $10.92 billion, a PE ratio of -1,127.50, a P/E/G ratio of 1.13 and a beta of 0.68. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.03 and a quick ratio of 0.89. Vistra Energy has a one year low of $20.83 and a one year high of $27.86. The stock has a 50 day moving average price of $23.40.

Vistra Energy (NYSE:VST) last released its earnings results on Friday, May 3rd. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.05). The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Vistra Energy had a return on equity of 4.37% and a net margin of 4.22%. The firm’s revenue was up 282.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.71) earnings per share. On average, equities analysts anticipate that Vistra Energy will post 2.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.22%. Vistra Energy’s dividend payout ratio is presently -2,500.00%.

In other news, EVP Stephanie Zapata Moore sold 1,198 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $25.31, for a total transaction of $30,321.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brookfield Asset Management In sold 1,900,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $23.75, for a total transaction of $45,125,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have bought 44,250 shares of company stock valued at $1,039,490 and have sold 1,920,038 shares valued at $45,632,162. 14.05% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in VST. CIBC World Markets Inc. boosted its position in Vistra Energy by 0.9% during the 1st quarter. CIBC World Markets Inc. now owns 46,372 shares of the company’s stock worth $1,207,000 after purchasing an additional 420 shares during the period. Great West Life Assurance Co. Can boosted its position in Vistra Energy by 0.3% during the 4th quarter. Great West Life Assurance Co. Can now owns 163,321 shares of the company’s stock worth $3,584,000 after purchasing an additional 457 shares during the period. Nissay Asset Management Corp Japan ADV boosted its position in Vistra Energy by 1.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 33,448 shares of the company’s stock worth $871,000 after purchasing an additional 491 shares during the period. Raymond James Trust N.A. boosted its position in Vistra Energy by 4.2% during the 1st quarter. Raymond James Trust N.A. now owns 14,027 shares of the company’s stock worth $366,000 after purchasing an additional 568 shares during the period. Finally, First Allied Advisory Services Inc. boosted its position in Vistra Energy by 6.5% during the 1st quarter. First Allied Advisory Services Inc. now owns 9,864 shares of the company’s stock worth $257,000 after purchasing an additional 600 shares during the period.

About Vistra Energy

Vistra Energy Corp., through its subsidiaries, engages in the integrated power business in Texas. The company operates through Wholesale Generation and Retail Electricity segments. The Wholesale Generation segment engages in the electricity generation, wholesale energy sales and purchases, commodity risk management, fuel production, and fuel logistics management activities.

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